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Investment Highlights

  • 36,428 square footage mixed-use development site across 4 parcels.
  • 429 Temple Ave sits a brick commercial building that is built out for restaurant use.
  • This is a prime opportunity to develop an iconic property next to downtown Highwood, Illinois.
  • 417 Temple sits a frame single family home in need of repairs currently used for storage.

Executive Summary

Proud to introduce an opportunity to develop a 36,438 SF mixed-use development site. Currently consisting of 4 parcels, the site has not been offered for sale in generations. This is a prime opportunity to develop an iconic property next to downtown Highwood IL. Currently in Highland Park, the property borders Highwood. 2 parcels on Temple Ave consisting of 21,902 SF, have favorable zoning in the B1A Waukegan-Bloom Neighborhood District and have 100' of frontage on Temple. The additional 2 parcels which connect in the rear of the lot and have frontage on Walker Ave are zoned RM1 Medium to High Density Multi-family and adds an additional 14,626 SF bringing the total for all 4 parcels to 36,438 SF. Currently at 429 Temple Ave sits a brick commercial building that is built out for restaurant use. Large seating room and bar along with large kitchen and cooler are on the first floor. On the 2nd floor is another dining room and 2 private rooms. There is also a 2nd kitchen, butler pantry, and office space. Property has hoods and black iron. At 417 Temple sits a frame single family home in need of repairs currently used for storage. The property has 4 bedrooms 1.5 baths, large living room, formal dining room, and kitchen. The Temple property also has a large gravel parking lot, driveway, and 4 car garage. On the Walker property sits a single family home, tenant paying under market rents. PIN #s: 423 Temple (429 Temple) 16143010190000, 417 Temple 16143010140000, 376 Walker 16143010040000 + 16143010030000

Financial Summary (Actual - 2024)

Annual (CAD) Annual Per SF (CAD)
Taxes $48,965 $9.29
Operating Expenses - -
Total Expenses $48,965 $9.29

Financial Summary (Actual - 2024)

Taxes (CAD)
Annual $48,965
Annual Per SF $9.29
Operating Expenses (CAD)
Annual -
Annual Per SF -
Total Expenses (CAD)
Annual $48,965
Annual Per SF $9.29

Property Facts Under Contract

Sale Type
Investment or Owner User
Sale Condition
Redevelopment Project
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
5,272 SF
Building Class
C
Year Built
1940
Price
$2,182,784 CAD
Price Per SF
$414.03 CAD
Percent Leased
Vacant
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.14
Lot Size
0.84 AC
Zoning
B1A - 4 Parcels - 2 on Temple are B1A Waukegan-Bloom Neighborhood District and the 2 parcels for 376 Walker Ave are RM1 Medium to High Density Multi-family
Parking
10 Spaces (2.15 Spaces per 1,000 SF Leased)
Frontage
100’ on Temple Ave

Amenities

  • Signage
Moderately walkable
60/100
Moderately drivable
60/100
Good public transit
70/100
Fairly bikeable
50/100

Nearby Major Retailers

US Bank
Chase Bank
Starbucks
Citi
Denny's

Property Taxes

Property Taxes

Parcel Numbers
Multiple
  • 16-14-301-003
  • 16-14-301-014
  • 16-14-301-004
Land Assessment
$157,927 CAD
Improvements Assessment
$249,571 CAD
Total Assessment
$407,499 CAD
Annual Taxes
$48,965 CAD ($9.29 CAD/SF)
Tax Year
2024
  • Listing ID: 25732967

  • Date on Market: 2022-05-18

  • Last Updated:

  • Address: 417-429 Temple Ave, Highland Park, IL 60035

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